In a pure market economy,
A. there is no role for government.
B. government intervention might be needed.
C. large markets where people meet to buy and sell are required.
D. all of these answer options are correct.
B. government intervention might be needed.
Economics
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PPP holds better for low-inflation countries
Indicate whether the statement is true or false
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If it is particularly difficult for the corporate headquarters to determine the correct transfer price
a. average costs is a good enough approximation b. average variable costs is a good enough approximation c. a similar products market price is a good enough approximation d. the upstream division could be run as a cost center
Economics